RTTNews - The Bank of Japan concludes its monetary policy meeting on Wednesday, setting the pace for a modest day of activity in Asian economic news. Analysts are expecting the central bank to keep rates on hold at the current 0.10 percent. Japan also will release machine tool order numbers for June.
South Korea will announce the seasonally adjusted unemployment rate for June. Analysts are predicting that the rate will creep up to 4.1 percent from 3.9 percent in May.
Singapore will release retail sales figures for May. Forecasts call for sales to drop 10.6 percent on year after the 11.7 percent annual contraction in the previous month. Seasonally adjusted, sales are called higher by 0.4 percent on month after dropping 3.1 percent a month earlier.
The Thai central bank is set to hold its monetary policy meeting and announce its decision on interest rates. Analysts expect the bank to keep rates on hold at the current level of 1.25 percent.
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